Slovakia: Lift And Hoist Market 2024

Lift And Hoist Market Size in Slovakia

In 2022, the Slovak lift and hoist market increased by 0.2% to $X, rising for the second year in a row after four years of decline. Overall, consumption saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Lift And Hoist Production in Slovakia

In value terms, lift and hoist production stood at $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 94% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Lift And Hoist Exports

Exports from Slovakia

Lift and hoist exports from Slovakia soared to X units in 2022, surging by 28% against the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 6,421% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, lift and hoist exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 6,572%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units), Germany (X units) and Italy (X units) were the main destinations of lift and hoist exports from Slovakia, together comprising 44% of total exports. Poland, Austria, Israel, Egypt, Belgium, Romania, the Czech Republic, Norway, Sweden and Finland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +447.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest markets for lift and hoist exported from Slovakia worldwide, together accounting for 44% of total exports. Poland, Austria, Israel, Egypt, Belgium, Romania, the Czech Republic, Norway, Sweden and Finland lagged somewhat behind, together accounting for a further 36%.

Belgium, with a CAGR of +1,320.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, remaining stable against the previous year. Overall, the export price, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per unit) and the Czech Republic ($X per unit), while the average price for exports to Sweden ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+159.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lift And Hoist Imports

Imports into Slovakia

In 2022, purchases abroad of lifts and hoists decreased by -27.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 97%. Over the period under review, imports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, lift and hoist imports contracted remarkably to $X in 2022. Overall, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2016 with an increase of 79% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

The Czech Republic (X units), Italy (X units) and Spain (X units) were the main suppliers of lift and hoist imports to Slovakia, together comprising 41% of total imports. Turkey, Germany, the Netherlands, Austria and France lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +55.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Slovakia were the Czech Republic ($X), Italy ($X) and Spain ($X), with a combined 41% share of total imports. Turkey, Germany, the Netherlands, Austria and France lagged somewhat behind, together accounting for a further 23%.

Austria, with a CAGR of +88.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lift and hoist import price amounted to $X per unit, growing by 3.7% against the previous year. Overall, the import price, however, showed a slight setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per unit) and Germany ($X per unit), while the price for the Netherlands ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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